Leeb Capital Management, Inc. (New York)

Name: Leeb Capital Management, Inc.
Address: 40 West 37 Th Street, New York, NY, 10018
Telephone: 212-653-1504

Leeb Capital Management, Inc. is a mid-sized advisory firm based in New York. It manages $58.58 million of regulatory assets for 114 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Maryland, and 3 other states.

Leeb Capital Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Leeb Capital Management: assets under management

The assets under management (AUM) of Leeb Capital Management, Inc. is $58.58 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $58.58 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $513.87 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in investment and business development companies form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Leeb Capital Management, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stephen Lee Leeb serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Stephen Lee Leeb is high net worth individuals with 13 clients and $33.6 million of assets under management. Among the 2 most similar advisory firms, Leeb Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $56.36 million for 67 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Leeb Capital Management doesn't advise any private funds.

Careers at Leeb Capital Management, Inc.

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Stephen Lee Leeb has been acting as President since 1 Aug 1984. Burt Dorsett has served as the Chief Investment Officer since 1 Oct 1998. Patrick Jude Desouza joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Lee Leeb	Chief executive officer/director/chief compliance officer	1 Aug 1984	50% - 75%	2459010
Donna Alison Leeb	Vice president/sec/director	1 Aug 1984	50% - 75%	2422085
Burt Dorsett	Chief investment officer	1 Oct 1998	Other	1908932
Steven Fishman	Chief operations officer	1 Jan 2001	Other	2428781
Myungshin (Andrew) Kwak	Chief compliance officer	1 Jan 2001	Other	4355478
Joyce Ann Sheena	Chief financial officer	1 Mar 2004	Other	4804576
Patrick Jude Desouza	President	1 Jul 2008	Other	5572067
Stephen Lee Leeb	Chief executive officer/director	1 Jul 2008	50% - 75%	2459010

Based in New York

The principal office where Leeb Capital Management, Inc. performs its advisory services is located at 40 West 37 Th Street, New York, NY 10018, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-653-1504 or by fax 212-246-3696. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at leeb.net.